Manas Properties IPO

Manas Properties IPO

 

Manas Properties IPO

Manas Properties is primarily into the business of acquiring properties and leasing / letting it out to its clients thereby earning lease rentals / license fees as consideration, as well as earning price appreciation (as the case may be). Currently the company owns a property admeasuring approximately 3,078 square metres of built up area located at Plot No 16, Juhu Tara Road Santacruz (West), Mumbai -400049, which has been leased out to Junobo Hotels Private Limited, for operating “Soho House” , a private luxury club the lease rentals of which shall be received from financial year 2017-18.

Further, Manas Properties also acts as a real estate marketing and consultancy company; wherein it support sales/ lease targets of builders/ developers in return for commission on a fixed/ percentage basis. Currently the real estate marketing and consultancy business is being carried out for a Group Company; Dev Land and Housing Private Limited and it has begun the process of entering into such agreements with other developers in order to expand customer base and available inventory portfolio for clients for providing these services.

Promoters of Manas Properties – Vijay Thakkar and Dev Land & Housing Private Limited

Manas Properties IPO details

Subscription Dates 17 - 22 Mar 2017
IPO Price band INR360 per share
Fresh issue 150,000 shares (INR5.40 crore)
Offer for sale 960,000 shares (INR34.56 crore)
Total IPO size 1,110,000 shares (INR39.96 crore)
Minimum bid (lot size) 300 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

 

Manas Properties' financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016 8M FY2017
Total revenue 1.38 11.02 8.28 7.11 7.73 1.98
Total expenses 2.23 11.26 11.11 8.72 2.28 0.41
Profit after tax -0.85 -0.24 -2.80 -1.61 5.34 1.25
Day Subscription (no. of times)
Day 1  0.05
Day 2  0.19
Day 3  0.68
Day 4  1.05

Manas Properties Limited
10th floor, Dev Plaza, Andheri Fire Station
S.V. Road, Andheri (W), Mumbai – 400 058

Phone: +91 22 4038 3838
Email: [email protected]
Website: www.manasproperties.co.in

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax:
+91 22 2847 5201
Email:
[email protected]
Website: www.bigshareonline.com

Manas Properties IPO allotment status will be available on Bigshare Services Private Limited website. Click on this link to get allotment status.

IPO Opening Date: 17 March 2017

IPO Closing Date: 22 March 2017

Finalisation of Basis of Allotment: 27 March 2017

Initiation of refunds: 28 March 2017

Transfer of shares to demat accounts: 29 March 2017

Listing Date: 30 March 2017

Listing Price on BSE SME: INR360.55 per share (flat from IPO price)

Closing Price on BSE SME: INR360.2 per share (flat from IPO price)

Manas Properties IPO
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